Trump Is Trying to Square a Globalized World Through Capitalism. It Won't Work

Trump is trying to square a globalized world through a national-based American capitalism. It won't work.
Former President Teddy Roosevelt (1901-09) described the essence of US foreign policy as “speaking softly while carrying a big stick”. Under the incumbent president, Donald Trump, it seems to be all about “speaking loudly”.
What Trump is carrying in reserve is a moot question.
The difference comes down to a question of credibility. A century ago, America was a formidable military, diplomatic and economic power. Hence, Roosevelt could afford to speak softly because there were other...Read more ...